|Industry||Banking, Insurance, Capital Markets and allied industries|
|Founded||1 April 1795as The British Bank of Madras|
|Defunct||1 July 1843|
|Fate||merged with the Bank of Madras|
|Successor||Bank of Madras|
Number of locations
|Products||Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes|
|Services||Banking, Trade Finance|
|Parent||State Bank of India|
The bank was founded and largely managed by European traders. They worked closely with the English East India Company.
Final years Edit
The bank was one of four banks that were merged to form the Bank of Madras in 1843: the Madras Bank, the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank (1804). The Bank of Madras is one of the precursors of the Imperial Bank of India and eventually the State Bank of India.
See also Edit
- "Reserve Bank of India - Museum". rbi.org.in.
- "Madras Musings - We care for Madras that is Chennai".
- "Before Madras". The Hindu. 22 August 2016 – via www.thehindu.com.
- "List of 4 Banks in India Before Independence". 10 August 2016.
- "The Banking Heritage Building of Madras". 7 January 2018.
- https://cdn.s3waas.gov.in/s313f3cf8c531952d72e5847c4183e6910/uploads/2018/06/2018062956.pdf[bare URL PDF]
- https://www.nluo.ac.in/wp-content/uploads/2021/04/Legal-Fortnight-Febedn-vol1.pdf[bare URL PDF]